50 Grand Ave S 1702

Cambridge, N1S 2L8
FOR SALE
$692,800
50 Grand Ave S 1702, Cambridge
50 Grand Ave S 1702
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
7
ROOMS
X8274926
MLSID
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Property Description
2 BED, 2 BATH CONDO UNIT AVAILABLE IN THE HIGHLY SOUGHT-AFTER GASLIGHT DISTRICT! This brand-new 1126 sqft residence is nestled in the heart of Cambridge's emerging dining, entertainment, and cultural hub, promising a lifestyle of unparalleled convenience and modern luxury. As you step into this thoughtfully designed unit, you'll be greeted by generous 9-foot ceilings and an open-concept kitchen and dining area equipped with top-of-the-line appliances. Large windows allow natural light to flood the space, bathing the interior in warmth and inviting ambiance. In-suite laundry adds a practical touch, and premium finishes grace every corner of the unit. The open balcony (accessible from both kitchen and one of the bedrooms) is not only spacious but also offers breathtaking panoramic views of the city. For your convenience, this unit comes with an included underground parking spot, providing secure and easy access to your vehicle. Additionally, you'll enjoy exclusive access to the new Gaslight Condos amenities, including an exercise room, games room, study/library, and an expansive outdoor terrace with pergolas, fire pits, and BBQ areas overlooking Gaslight Square. Book your showing today and explore the potential of this beautiful living space. Don't miss this exceptional opportunity to live in one of Cambridge's most vibrant and desirable locations.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-02-29 2024-04-22 53 $692,800 - Terminated
Property Features
Hospital, Park, Place Of Worship, Public Transit, River/Stream, School
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$4,446 (2023)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
Prim BdrmMain10.17' x 12.40'
BrMain10.17' x 11.25'
KitchenMain8.99' x 16.99'
DiningMain15.16' x 8.07'
LivingMain15.16' x 8.92'
Cambridge Market Statistics
Cambridge Price Trend
50 Grand Ave S 1702 is a 2-bedroom 2-bathroom condo listed for sale at $692,800, which is $215,300 (45.1%) higher than the average sold price of $477,500 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 2 bedroom condo in Cambridge declined by $82,500 (14.7%) compared to the previous 30 day period (September 27 - October 26) and down $94,860 (16.6%) from the same time one year ago.
Inventory Change
There were 10 2-bedroom condos listed in Cambridge over the last 30 days (October 27 - November 25), which is down 23.1% compared with the previous 30 day period (September 27 - October 26) and up 400.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Cambridge typically sold ($10,400) (2.2%) below asking price over the last 30 days (October 27 - November 25), which represents a $8,225 decrease compared to the previous 30 day period (September 27 - October 26) and ($10,540) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Cambridge over the last 30 days (October 27 - November 25) stood at 20.0%, down from 30.8% over the previous 30 days (September 27 - October 26) and down from 250.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Cambridge stood at 45 days when successfully sold over the last 30 days (October 27 - November 25), compared to 159 days before being removed from the market upon being suspended or terminated.
Listing contracted with Corcoran Horizon Realty
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